A no-penalty certificate of deposit is a type of CD that charges no fee for withdrawing money before the term expires. It offers more flexibility than other CDs. Strict editorial guidelines to ...

We monitor and report on the best no-penalty CD rates currently available from nationwide financial institutions. No-penalty CDs aren't very common, so you only have a few strong banks to choose from.

Ben Gran is a freelance contributor for Forbes Advisor on banking. He also writes for The Ascent (a Motley Fool service), where he covers insurance, credit cards, personal finance and investing.